BREAKING: Canadian NFP weaker than expected. USDCAD surges 0,5%
1:30 PM GMT - Employment change (Canada): -2.2k vs 25k forecast vs. 40.7k previous
- Hourly wages: 5% YoY growth forecast vs. 4.9% previously
- Unemployment rate: 6,1% vs 5.9% forecast vs. 5.8% previously
- Participation rate: 62.6% forecast vs 62.5% previous
Canadian dollar weakened after publication, and USDCAD surges as much as 0.5% after very strong US NFP reading, which showed more than 300 k. jobs added vs 213 k. exp.